The RICS has stated, that with so much uncertainty in the wider economic environment, it’s increasingly important that clients trust the professional advice that they receive from RICS members and firms.
The institution feels that their RICS Registered Valuer Scheme raises confidence in valuation advice and that its independent quality assurance process reinforces the highest professional standards.
They are right in their contention that valuations underpin nearly every financial decision we make – from home mortgages and investments to corporate finance transactions, assessment of company accounts and stock exchange listings.
The RICS state that any person or organisation that occupies, owns, develops or trades assets in today’s global markets relies on a valuer’s expertise, quality standards and ethics.
Valuation is one of the key RICS member practices. Valuer Registration is the RICS quality assurance mechanism that monitors all registered RICS members who carry out ‘Red Book’ valuations and ensures consistent standards.
By appointing an RICS Registered Valuer, you can be confident that you are working with regulated and qualified professionals who:
- adhere to the ‘Red Book’ valuation standards
- are committed to openness and transparency
- are experts in their field, delivering credible and high-quality reports.
The Valuer Registration aims to ensure the quality of valuations, raise the credibility of valuers and provide clients with a clearly identifiable designation of international standards, quality and the consistent application of ‘Red Book’ standards.
The RICS believes that a thriving and strong profession, operating under a single global standard and modern regulation system, is good for professionals, clients and society.
RICS Valuer Registered Valuer Scheme is the international mark of valuation expertise. It is open to all qualified members undertaking valuations under the RICS Valuation Professional Standards (the ‘Red Book’).
All members who have registered and been accepted as meeting the standards set out for Valuer Registration are entitled to call themselves an RICS Registered Valuer and use the accreditation logo.
So make sure that you look out for the designated logo!